Precious metals trading

Challenge

A London-based trading desk needed to fulfill a short-dated gold contract but faced risk from unverified African suppliers. Past deals suffered delays due to assay mismatches and incomplete export permits exposing them to costly default penalties.

Solution

We mobilized our Accra team to verify 18kg of gold from a licensed Obuasi mine within 24 hours. SGS Accra conducted emergency assay (Au 99.82%). We secured Ghana Minerals Commission export permit and pre-cleared UK customs documentation. The shipment arrived in London on day three settling the contract without incident.

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